Stop-Loss Orders: Your Financial Seatbelt in Crypto Markets

A stop-loss order is like a seatbelt in a car. You hope you never need it, but when you do, it saves your life. On Bybit and MEXC futures, every position must have a stop-loss. Without it, a single bad move can wipe out your entire account. Set your stop-loss based on your leverage: 2x leverage = 5-10% stop-loss, 3x leverage = 3-5% stop-loss, 5x leverage = 2-3% stop-loss. This ensures your maximum loss is predetermined and manageable. Never move your stop-loss down after opening a position. That's how traders turn small losses into catastrophic ones. The discipline to cut losses quickly is what separates winners from losers in crypto trading.